BMW and Porsche have a China problem. They're not the only ones.
Porsche said on Monday its deliveries in China fell by 28% in 2024.
John Keeble/Getty Images
- Porsche and BMW are the latest automakers to report sliding sales in China.
- The rapid rise of domestic EV makers such as BYD has put the squeeze on foreign competitors.
- Volkswagen, Toyota, and Honda have all suffered, and GM took a $5 billion hit on its Chinese business.
Porsche and BMW have become the latest European carmakers to report sliding sales in China.
The...
Заголовки